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Global Block Margarine Market - Forecast(2023 - 2028)
Global Block Margarine Market Overview
The Global Block Margarine Market size is estimated to reach $1.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 4.3% over the forecast period of 2022-2027. Block Margarine is a non-dairy-based spread used in the food industry, mainly used as a substitute for butter. Modern types of margarine spreads are made from vegetable oils that contain polyunsaturated fats lower the bad LDL cholesterol when used instead of saturated fat. Block Margarine makes an essential nutritional contribution to the diet by being a source of essential fat soluble nutrients and by being low in saturated fat. Margarine is increasingly being adopted in various dairy-free food applications owing to the rise in the prevalence of lactose intolerance. The rise in the adoption of Block margarine for flavoring and cooking and the growing demand for Block margarine spreads as an ingredient in a variety of baked goods for its margaric acids, are contributing to the growth of the Global Block Margarine Market. The robust focus on developing Block Margarine for various applications, such as bakery, confectionery, snacks, and others based on the tastes of the consumers are some of the factors driving the Global Block Margarine Industry forward in the projected period of 2022-2027.
Global Block Margarine Market Report Coverage
The report: “Global Block Margarine Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Block Margarine Market.
By Type- Soft Block Margarine and Hard Block Margarine.
By Nature- Organic and Conventional.
By Application- Bakery, Confectionery, Snacks, and Others.
By Distribution Channel- Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021. It is owing to the growing demand for block margaric acids in the United States. Moreover, the increasing demand for dairy-free food products is further propelling the demand for Block Margarine. Additionally, North America is expected to offer lucrative growth opportunities to marketers owing to the growing research and development activities to develop block margarine for various applications.
- The robust growth in the Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others are driving the Global Block Margarine Market. However, the rise in the prevalence of cardiovascular diseases owing to the consumption of trans fats is one of the major factors impeding the Global Block Margarine market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Block Margarine Market Report.Global Block Margarine Market- Geography (%) for 2021.
Global Block Margarine Market Segmentation Analysis- By Nature
The Global Block Margarine market based on Nature can be further segmented into Organic and Conventional. The Conventional segment held a dominant market share in the year 2021. The rise in the adoption of lactose intolerant foods and the increase in the number of margarine launches that are made from vegetable oil are the major factors propelling the growth of the Global Block Margarine market. Block margarine is mostly used in making biscuits, croissants, bread dough, and other food products for its fat soluble nutrients.
However, the Organic segment is estimated to be the fastest-growing, with a CAGR of 4.8% over the forecast period of 2022-2027. It is owing to the factors such as the growing demand for organic food products among the young population and the increase in awareness about the benefits of organic block margarine owing to its polyunsaturated fats.
Global Block Margarine Market Segmentation Analysis- By Distribution Channel
The Global Block Margarine market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held a dominant market share in the year 2021. The growing demand for various margarine products that are made from vegetable oil in supermarkets is propelling the growth of the market. The easy availability of various Block Margarine based on the specific needs of the consumers in supermarkets and hypermarkets is further driving the growth of the Global Block Margarine Market.
However, the Online Channels segment is estimated to be the fastest-growing, with a CAGR of 5.0% over the forecast period of 2022-2027. It is owing to the growing adoption of lactose-intolerant foods on online channels and the advancements in technology. The rise in the demand for ready-to-eat products and the growing inclination towards online channels for buying the required products are propelling the growth of the Global Block Margarine Market.
Global Block Margarine Market Segmentation Analysis- By Geography
The Global Block Margarine market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 35% in the year 2021 as compared to its other counterparts. It is owing to the rise in the demand for margarine made from vegetable oils and the rise in awareness about the health benefits of polyunsaturated fats. The factors, such as the rise in the availability of margarine for various applications and the growing adoption of block margarine among the young population for its fat soluble nutrients and margaric acids are further propelling the growth of the Global Block Margarine Market.
Global Block Margarine Market Drivers
The Growing Consumption of Margarine among Households has readily aided the market growth.
According to the 2020 Census data and Simmons National Consumer Survey (NHCS), 184.2 million Americans have used margarine spread in 2020. Margarine functions as a multipurpose fat in the household sector for preparing various foods, such as sauces, baked items, and pan-fried foods. The key players are focusing on developing high-quality block margarine that is made from vegetable oil as the consumers are effectively shifting towards low-fat spreads for its fat soluble nutrients, which is further propelling the growth of the Block Margarine market.
The Rise in the Prevalence of Lactose Intolerance has enhanced the growth of the Global Block Margarine Market.
According to the World Health Organization (WHO), approximately 65% of the human population has a reduced ability to digest lactose. This rise in the prevalence of lactose intolerance has propelled the demand for non-dairy foods across the world. Block Margarine is increasingly being adopted as a substitute for butter for flavoring, baking, and cooking for its fat-soluble nutrients. Most of the block margarine products are lactose-free automatically, as the majority contain no milk products, which is one of the major factors driving the growth of the Block Margarine market.
Global Block Margarine Market Challenges
The Rise in the Prevalence of Cardiovascular Diseases owing to the Consumption of Trans Fats is impeding the market growth.
According to the World Health Organization (WHO), trans fat intake is leading to more than 500,000 deaths from cardiovascular disease every year. Industrially-produced trans fats are generally contained in hardened vegetable fats, such as margarine and ghee, and are also present in baked foods, fried foods, and snack foods. The WHO is planning to eliminate industrially-produced trans-fatty acids from food supply across the world by implementing the six strategic actions in the REPLACE package that helps in achieving the elimination of trans fat, which is one of the major factors that is estimated to reduce the growth of the Global Block Margarine Market.
Global Block Margarine Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Block Margarine Market. The top 10- Global Block Margarine Market companies are-
- Unilever
- ConAgra
- Dairy Crest
- Zydus Cadila
- Yidiz Holding
- JBS S.A
- Flora
- Wilmar-International
- Fuji Oil
- Goodman Fielder
Recent Developments
- In November 2020, JBS S.A. has acquired the margarine and mayonnaise assets from Bunge Alimentos SA. The company has paid $170.64 million for the assets, which includes three plants in Brazil and brands such as Gradina, Delícia, and Primor. The company is aiming to strengthen Seara’s position in the Brazilian margarine market and boost a portfolio of higher-value branded products.
- In July 2020, Flora has launched vegan Block Margarine to make the consumers enjoy a delicious taste. The product is made from sunflower, rapeseed, and palm oil and is available in salted and unsalted variants. The company is aimed to remove dairy from all its margarine to make them suitable for vegans.
Relevant Titles
Report Code: FBR 19841
Report Code: FBR 51184
Report Code: FBR 43140
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1. Global Block Margarine Market - Overview
1.1 Definitions and Scope
2. Global Block Margarine Market - Executive Summary
3. Global Block Margarine Market – Comparative Analysis
3.1 Company Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split- Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis – Average Selling Price
4. Global Block Margarine Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Global Block Margarine Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Global Block Margarine Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Global Block Margarine Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Global Block Margarine Market – By Type
8.1 Soft Block Margarine
8.2 Hard Block Margarine
9. Global Block Margarine Market – By Nature
9.1 Organic
9.2 Conventional
10. Global Block Margarine Market – By Application
10.1 Bakery
10.2 Confectionery
10.3 Snacks
10.4 Others
11. Global Block Margarine Market – By Distribution Channel
11.1 Supermarkets/Hypermarkets
11.2 Online Channels
11.3 Convenience Stores
11.4 Others
12. Global Block Margarine Market - By Geography
12.1 North America
12.1.1 U.S.
12.1.2 Mexico
12.1.3 Canada
12.2 Europe
12.2.1 U.K.
12.2.2 France
12.2.3 Germany
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.3 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Global Block Margarine Market - Entropy
14. Global Block Margarine Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key companies
14.1.3 Market Share by Countries – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Global Block Margarine Market – Key Company List by Country Premium Premium
16. Global Block Margarine Market Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Unilever Market 2019-2024 ($M) - Global Industry Research
1.2 Bunge Market 2019-2024 ($M) - Global Industry Research
1.3 ConAgra Market 2019-2024 ($M) - Global Industry Research
1.4 Dairy Crest Market 2019-2024 ($M) - Global Industry Research
1.5 Zydus Cadila Market 2019-2024 ($M) - Global Industry Research
1.6 Wilmar-International Market 2019-2024 ($M) - Global Industry Research
1.7 Fuji Oil Market 2019-2024 ($M) - Global Industry Research
1.8 BRF Market 2019-2024 ($M) - Global Industry Research
1.9 Yidiz Holding Market 2019-2024 ($M) - Global Industry Research
1.10 Unilever Market 2019-2024 ($M) - Global Industry Research
1.11 Bunge Market 2019-2024 ($M) - Global Industry Research
1.12 ConAgra Market 2019-2024 ($M) - Global Industry Research
1.13 Dairy Crest Market 2019-2024 ($M) - Global Industry Research
1.14 Zydus Cadila Market 2019-2024 ($M) - Global Industry Research
1.15 Wilmar-International Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 Hard Market 2019-2024 ($M) - Global Industry Research
2.2 Soft Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Unilever Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Bunge Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 ConAgra Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Dairy Crest Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Zydus Cadila Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 Wilmar-International Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 Fuji Oil Market 2019-2024 (Volume/Units) - Global Industry Research
3.8 BRF Market 2019-2024 (Volume/Units) - Global Industry Research
3.9 Yidiz Holding Market 2019-2024 (Volume/Units) - Global Industry Research
3.10 Unilever Market 2019-2024 (Volume/Units) - Global Industry Research
3.11 Bunge Market 2019-2024 (Volume/Units) - Global Industry Research
3.12 ConAgra Market 2019-2024 (Volume/Units) - Global Industry Research
3.13 Dairy Crest Market 2019-2024 (Volume/Units) - Global Industry Research
3.14 Zydus Cadila Market 2019-2024 (Volume/Units) - Global Industry Research
3.15 Wilmar-International Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 Hard Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Soft Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Unilever Market 2019-2024 ($M) - Regional Industry Research
5.2 Bunge Market 2019-2024 ($M) - Regional Industry Research
5.3 ConAgra Market 2019-2024 ($M) - Regional Industry Research
5.4 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
5.5 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
5.6 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
5.7 Fuji Oil Market 2019-2024 ($M) - Regional Industry Research
5.8 BRF Market 2019-2024 ($M) - Regional Industry Research
5.9 Yidiz Holding Market 2019-2024 ($M) - Regional Industry Research
5.10 Unilever Market 2019-2024 ($M) - Regional Industry Research
5.11 Bunge Market 2019-2024 ($M) - Regional Industry Research
5.12 ConAgra Market 2019-2024 ($M) - Regional Industry Research
5.13 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
5.14 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
5.15 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 Hard Market 2019-2024 ($M) - Regional Industry Research
6.2 Soft Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Unilever Market 2019-2024 ($M) - Regional Industry Research
7.2 Bunge Market 2019-2024 ($M) - Regional Industry Research
7.3 ConAgra Market 2019-2024 ($M) - Regional Industry Research
7.4 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
7.5 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
7.6 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
7.7 Fuji Oil Market 2019-2024 ($M) - Regional Industry Research
7.8 BRF Market 2019-2024 ($M) - Regional Industry Research
7.9 Yidiz Holding Market 2019-2024 ($M) - Regional Industry Research
7.10 Unilever Market 2019-2024 ($M) - Regional Industry Research
7.11 Bunge Market 2019-2024 ($M) - Regional Industry Research
7.12 ConAgra Market 2019-2024 ($M) - Regional Industry Research
7.13 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
7.14 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
7.15 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 Hard Market 2019-2024 ($M) - Regional Industry Research
8.2 Soft Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Unilever Market 2019-2024 ($M) - Regional Industry Research
9.2 Bunge Market 2019-2024 ($M) - Regional Industry Research
9.3 ConAgra Market 2019-2024 ($M) - Regional Industry Research
9.4 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
9.5 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
9.6 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
9.7 Fuji Oil Market 2019-2024 ($M) - Regional Industry Research
9.8 BRF Market 2019-2024 ($M) - Regional Industry Research
9.9 Yidiz Holding Market 2019-2024 ($M) - Regional Industry Research
9.10 Unilever Market 2019-2024 ($M) - Regional Industry Research
9.11 Bunge Market 2019-2024 ($M) - Regional Industry Research
9.12 ConAgra Market 2019-2024 ($M) - Regional Industry Research
9.13 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
9.14 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
9.15 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 Hard Market 2019-2024 ($M) - Regional Industry Research
10.2 Soft Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Unilever Market 2019-2024 ($M) - Regional Industry Research
11.2 Bunge Market 2019-2024 ($M) - Regional Industry Research
11.3 ConAgra Market 2019-2024 ($M) - Regional Industry Research
11.4 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
11.5 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
11.6 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
11.7 Fuji Oil Market 2019-2024 ($M) - Regional Industry Research
11.8 BRF Market 2019-2024 ($M) - Regional Industry Research
11.9 Yidiz Holding Market 2019-2024 ($M) - Regional Industry Research
11.10 Unilever Market 2019-2024 ($M) - Regional Industry Research
11.11 Bunge Market 2019-2024 ($M) - Regional Industry Research
11.12 ConAgra Market 2019-2024 ($M) - Regional Industry Research
11.13 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
11.14 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
11.15 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 Hard Market 2019-2024 ($M) - Regional Industry Research
12.2 Soft Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Unilever Market 2019-2024 ($M) - Regional Industry Research
13.2 Bunge Market 2019-2024 ($M) - Regional Industry Research
13.3 ConAgra Market 2019-2024 ($M) - Regional Industry Research
13.4 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
13.5 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
13.6 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
13.7 Fuji Oil Market 2019-2024 ($M) - Regional Industry Research
13.8 BRF Market 2019-2024 ($M) - Regional Industry Research
13.9 Yidiz Holding Market 2019-2024 ($M) - Regional Industry Research
13.10 Unilever Market 2019-2024 ($M) - Regional Industry Research
13.11 Bunge Market 2019-2024 ($M) - Regional Industry Research
13.12 ConAgra Market 2019-2024 ($M) - Regional Industry Research
13.13 Dairy Crest Market 2019-2024 ($M) - Regional Industry Research
13.14 Zydus Cadila Market 2019-2024 ($M) - Regional Industry Research
13.15 Wilmar-International Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 Hard Market 2019-2024 ($M) - Regional Industry Research
14.2 Soft Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Block Margarine Market Revenue, 2019-2024 ($M)2.Canada Global Block Margarine Market Revenue, 2019-2024 ($M)
3.Mexico Global Block Margarine Market Revenue, 2019-2024 ($M)
4.Brazil Global Block Margarine Market Revenue, 2019-2024 ($M)
5.Argentina Global Block Margarine Market Revenue, 2019-2024 ($M)
6.Peru Global Block Margarine Market Revenue, 2019-2024 ($M)
7.Colombia Global Block Margarine Market Revenue, 2019-2024 ($M)
8.Chile Global Block Margarine Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Block Margarine Market Revenue, 2019-2024 ($M)
10.UK Global Block Margarine Market Revenue, 2019-2024 ($M)
11.Germany Global Block Margarine Market Revenue, 2019-2024 ($M)
12.France Global Block Margarine Market Revenue, 2019-2024 ($M)
13.Italy Global Block Margarine Market Revenue, 2019-2024 ($M)
14.Spain Global Block Margarine Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Block Margarine Market Revenue, 2019-2024 ($M)
16.China Global Block Margarine Market Revenue, 2019-2024 ($M)
17.India Global Block Margarine Market Revenue, 2019-2024 ($M)
18.Japan Global Block Margarine Market Revenue, 2019-2024 ($M)
19.South Korea Global Block Margarine Market Revenue, 2019-2024 ($M)
20.South Africa Global Block Margarine Market Revenue, 2019-2024 ($M)
21.North America Global Block Margarine By Application
22.South America Global Block Margarine By Application
23.Europe Global Block Margarine By Application
24.APAC Global Block Margarine By Application
25.MENA Global Block Margarine By Application